Level transmitters are referred to as sensors used for remote level measurement of liquid, powder, pastes or bulk solids in varied end-user industries. They are utilized for continuous level measurement, and for point level measurement. For continuous level measurement, the level transmitter is used for the detection of the level of a medium in a process tank, storage tank, or silos. It then converts it into the electronic signal. This signal is either displayed directly on site, it can be integrated into a process control or management system as well. For point level detection, the level transmitter is utilized for detection after a predefined level is reached. This type of device is used when measuring every possible intermediate level is not required. In this type of system, there is a switching command that starts or stops filling equipment, for example pumps. These switches, also known as level switches, outputs an electronic signal that can be integrated into a process control system. Different types of level transmitters are widely available in the market. These include capacitive, float, submersible, and ultrasonic among others.
The growing pharmaceutical industry worldwide is projected to surge the level transmitter market growth during the forecast period. This is supported by the increasing number of drug launches with the increasing prevalence of diseases. The growing elderly population in the world require efficient medicines and treatments for their age-associated diseases. Hence, level transmitters in the pharma industry hold importance in drug manufacturing where precision level measurement is required. This is mainly due to the fact that it is necessary that the final end product adheres to the stated tolerances so as to avoid accidents, comply with bioprocess standards, verification of calibration according to the ISO/FDA standards, in addition to system reliability at the time of altering process conditions. As the pharmaceutical industry involves the utilization of mixers, bioreactors, fermenter, and preparation tanks, level transmitters are important. VEGA Americas Inc., provides level sensors for pharmaceutical industry. These include instruments for continuous level measurement. For liquids, the company offers radar sensor, Vegapuls 64 and GWR (Guided Wave Radar) sensor, Vegaflex 83. For bulk solids, the company offers a radar sensor, Vegapuls 69.
The growing pharma spending worldwide is further propagating the market demand during the forecast period. The per capita pharma spending of the United States grew from USD1176.715 in 2015 to USD1228.664 in 2018 (source: OECD).
Source: OECD, Pharma Spending United States, USD/Capita, 2015-2018
The growing global oil demand is projected to augment the level transmitter market at present and in the future.According to the OPEC (Organization of the Petroleum Exporting Countries) predictions, the oil demand worldwide is expected to grow from 38 million barrels in a day to 115 million barrels per day by the end of 2025. This represents an average growth of 1.7% annually. It has further been observed that the oil demand will continue to rise at a significant pace owing to the increasing demand for energy. The OECD countries accounted to hold the largest share in the global oil demand. It has been predicted that close to 75% of the growth in demand by the end of 2025 is expected to originate from the emerging economies of the world. The oil consumption of the developing countries will rise double, especially in the Asian region where India and China are projected to hold the maximum share in the consumption of oil. Additionally, worldwide, the oil demand is projected to be met majorly by the transportation sector. This sector accounted for holding around 60% share in the increasing oil demand over the period 2000-2025.
Krohne Group offers level transmitters for level measurement on lubricant storage and process tanks for horizontal and vertical tanks with different dimensions and shapes, for level monitoring for improved process and stock inventory management, and offers automated data transmission to the control room.
Due to the novel coronavirus pandemic scenario, in 2020, there are changes noticed in energy supply and demand patterns. The EIA.gov estimated that the global petroleum and liquid fuel demand was 93.4 million barrels per day in July on an average. The demand fell by 9.1 million barrels per day from July 2019. Hence, the organization forecasts that the global petroleum and liquid fuel consumption will constitute to an average of 93.1 million barrels for the year 2020, this is predicted to be down by 8.1 million barrels per day from the year 2019, before its increase by 7 million barrels per day by the end of 2021. The change is attributed to the reduction in the economic activity owing to the COVID-19 pandemic, this may cause a significant impact on the market growth as well amid the pandemic.
The growing demand for wastewater management in the world is further providing an impetus in fueling the market growth. Water quality is important to the maintenance of good human health. In addition, it affects the social and economic development and the overall ecosystem. With a growing population and soaring urbanization, the natural environment is continuously degrading and this is creating a high demand for efficient water treatment processes so that there are sufficient and safe water supplies for carrying out the household, industrial, and commercial businesses in a smooth manner. Wastewater management can help in the protection of the ecosystem and help in providing energy, nutrients, and other recoverable materials. As per the United Nations, 2017 information, high-income countries are accounted to treat around 70% of the generated municipal and industrial wastewater. However, in the upper-middle-income countries, the ratio falls to around 38%, while, for the lower-middle-income countries it accounts for 28%. In low-income-countries, around 8% of the wastewater is treated. Hence, this is creating an opportunity for the market to sustain with demand for level transmitters in wastewater treatment plants. With the 2030 agenda for sustainable development goals, SDG target 6.3 states that by the end of 2030, water quality will be improved through the reduction of pollution, elimination of dumping, and reduction in the release of hazardous chemicals and materials. Also, the SDGs are focused on bringing down the proportion of untreated water to half, thus, increasing wastewater recycling and safe reuse substantially at the global level, further increasing the market growth prospects in the future.
Greyline Instruments offers level measurement instruments for wastewater treatment processes. Products include LIT25 level indicating transmitter and DLT2.0 differential level transmitter. The company is a global pioneer in ultrasonic measuring instruments for wastewater, industrial, and environmental markets. Primary market is environmental, particularly, water and wastewater treatment systems.